National Commission on Fiscal Responsibility and Reform

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The National Commission on Fiscal Responsibility and Reform is a bipartisan commission created by President Obama that is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run.

The commission meets as a whole once a month while Congress is in session. It was to vote on a final report containing a set of recommendations to achieve its mission no later than Dec. 1, 2010. The final report was to require the approval of at least 14 of the Commission's 18 members. [1]

Working Groups

Working groups associated with the National Commission on Fiscal Responsibility and Reform:

*Discretionary Working Group The Discretionary Working Group was to research and discuss issues related to discretionary spending. Discussion leaders: Rep. Spratt and Sen. Coburn Members: Sen. Coburn Dave Cote Sen. Durbin Ann Fudge Rep. Hensarling Alice Rivlin Rep. Ryan Rep. Schakowsky Rep. Spratt

*Mandatory Working Group The Mandatory Working Group was to research and discuss issues related to mandatory spending. Discussion leaders: Alice Rivlin and Sen. Gregg (on Social Security) or Rep. Ryan (on other mandatory issues) Members: Sen. Baucus Rep. Becerra Rep. Camp Sen. Coburn Sen. Conrad Sen. Crapo Sen. Gregg Rep. Hensarling Alice Rivlin Rep. Ryan Rep. Schakowsky Rep. Spratt Andy Stern

*Tax Reform Working Group The Tax Reform Working Group was to research and discuss issues related to tax reform. Discussion Leaders: Rep. Camp and Sen. Conrad Members: Sen. Baucus Rep. Becerra Rep. Camp Sen. Conrad Dave Cote Sen. Crapo Sen. Durbin Ann Fudge Sen. Gregg Andy Stern

Sixth Meeting

On Dec. 1, 2010, the National Commission on Fiscal Responsibility and Reform held its sixth public meeting to discuss the nation's mid- and long-term fiscal challenges. At the meeting, the commission released its final report, The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform.[2]

Fifth Meeting

On Sept. 29th, 2010, the National Commission on Fiscal Responsibility and Reform held its fifth public meeting to discuss the nation's mid- and long-term fiscal challenges. The meeting featured testimony from Paul Posner, director of the Public Administration Program, George Mason University, Janet St. Laurent, managing director, Defense Capabilities and Management, GAO, and Patricia Dalton, managing director, Natural Resources and Environment, GAO.

Fourth Meeting

On July 28, 2010, the National Commission on Fiscal Responsibility and Reform held its fourth public meeting to discuss the nation's mid- and long-term fiscal challenges. The meeting featured testimony from Maya MacGuines, President of CRFB, and Barry Anderson, former Head of the Budget and Public Expenditures Division of OECD.

Third Meeting

On June 30, 2010, the National Commission on Fiscal Responsibility and Reform held its third public meeting to discuss the nation's mid- and long-term fiscal challenges. The meeting featured testimony from CBO Director Doug Elmendorf.

Second Meeting

On May 26, 2010, the President’s commission held its second meeting.


First Meeting

On Apr. 27, 2010, the commission held its first meeting.

Resources


References

  1. About the National Commission on Fiscal Responsibility and Reform. FiscalCommission.gov.
  2. Past Meetings. FiscalCommission.gov.